JOIN USFormer Infosys CFO T V Mohandas Pai on Thursday said that B2B startups are coming forward in a ‘big way’, despite difficulties in running them when compared to B2C startups.
Quoting a report, he said there are 20,000 startups in India and 90% of them are B2C, because they are started by young people barely out of college.
Addressing delegates at a panel discussion themed — ‘B2B startups and their impact on various sectors’ — organised by Airbus BizLab here, Pai said, “For them, B2C becomes easy because they see the challenges faced by consumers out of experience and exposure.”
“The remaining 10%, about 2,600 companies all across the country, would be B2B, and of them, I would expect 1,000 companies to be high-quality ones,” he said, adding, “It is because in B2C, large ecommerce companies are getting all the money, the smaller companies are not able to get the money and they struggle a lot.”
Pai said that Bengaluru has unique advantage from the growth of B2B startups with the ecosystem that exist in city.
Meanwhile, Airbus BizLab in India will soon be launching a community of B2B startups working in the areas such as Data Analytics, Artificial Intelligence, Machine Learning, Electric Propulsion, Factories of the Future, Space Tech & Solutions, Image Processing, Cyber Security, IoT and Robotics.